Iowa Electronic Markets
Tippie College of Business
University of Iowa
iem@uiowa.edu
Description of price files for 1996 Iowa Political Stock Markets
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Format of the PRICE files.
RECORD FORMAT (one record per line):
Date
Contract #
Symbol
Number of Trades
Number of shares traded
Dollar Volume
Low Price
High Price
Last Price
(prices of -1 indicate no transactions that day)
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SPIN OFFS
Beginning July 1, 1995, the IEM will spin-off a new candidate-specific contract in the
Republican Convention Market whenever a candidate is favored for the
Republican Presidential nomination by more that 10% of those polled in a
national poll of Republican voters.
When a new, candidate-specific contract is created, it will be spun-off from the RCROF contract.
Each RCROF contract will be replaced by two new contracts: a candidate-specific contract and a
new RCROF contract. The new RCROF contract will represent all remaining un-named candidates
in the market. Since the value of the RCROF contract may change when a new candidate-specific
contract is spun off, all outstanding RCROF bids and offers will be cancelled at the time of the
spinoff. Please see the Republican
Convention Prospectus for additional details.
Official sources for these polls are: Los Angeles Times, Newsweek, New York
Times, Time Magazine, Wall Street Journal, Washington Post.
Contracts Spun Off
August 7, 1995: Buchanan (BUCH)
October 9, 1995: Powell (POWL)
January 12, 1996: Forbes (FORB)